What influenced you to accept an offer?

[Womling]

We're the prospective cash buyers (money in the bank) in this scenario.

Found house we love but asking price seems too high and its been on the market dince May.

Our first two offers on a £635k asking price were £580k and £590k and were rejected. EA saying we need to start with a 6. Unclear if £600k would be accepted though - "you can only try" says agent". Or is this is just a ploy to get us to go higher. Don't want to play games.

Wondering if any of you have been the vendor in this scenario and what influenced you to accept or agree.

Also sitting on the market forever means little.

There is a farm house & race horse stables down the road from me on for £2.9 million, we are in the north average house price is £70k. Considering the land and respected business is part of the sale its a fair value but there are very few local buyers in the almost £3 million pool around.

It's been on for years... does not mean they are going to reduce the value of it though so poor locals can afford it. I couldn't just go in offering whatever I want because it hasn't sold quick enough.

They have what you want/need. Most people don't 'need' to move and if they do they go for specifically fast sale like auction not faff around for months and months on Rightmove. Buying a house is not you doing the seller a favor. They have the power not you.

Entirely depends on the seller - we needed to achieve a certain price to afford our onward purchase. So we accepted an asking price offer with a small chain instead of a 5% under offer from first time buyers

Remove the 'subject to survey' clause, and offer a fixed price. That should swing it in your favour.

Walk away, they are unlikely to ever sell near asking.

A seller always has a minimum figure that they've decided they'd accept. It doesn't drop because you're paying cash. Anything under that figure and they feel they're 'giving their house away'. You either keep increasing your offer to find their price, or buy something else.

We had success buying a house in this scenario, similar amounts involved. We had to increase 3 times before our offer was accepted though! The house had been on the market for months and changed estate agents too.

It later emerged it had been valued for probate a few years earlier at the height of the market when one of the owners had died. The survivor was now selling and couldn't get his head round how much the market had fallen! So he was trying to achieve a price that just wasn't realistic in a very different market.

Totally agree especially seller having the power!!